Topic: FreiCoin (FRC) discussion (was FreiCoin (FRC) for TRC, PPC, LTC or BTC) - page 3. (Read 42655 times)
April 10, 2013, 05:52:46 AM
yeah, but where can i trade them, vircurex and btc-e arent trading them
April 09, 2013, 06:15:29 AM
Freicoin is sort of heated up already - its mining profitability is greater than mining straight Bitcoin (when converted into Bitcoin itself). See http://www.coinchoose.com
March 14, 2013, 10:20:40 PM
What you are calling "zombie" might well just be "sleeper"... Basically allow some years for the initial distribution of coins to take place before worrying about them having value. Coins that aquire value too fast tend to not get distributed to a whole lot of people as it very fast becomes hard to get them. The coins that all the big miners think are dead are actually ones that normal folk can easily pick up instead of being crowded out by the already-rich but greedy big miners.
-MarkM-
-MarkM-
I don't come by here very often, so I missed all the hullabaloo. Mark's pretty much dead-on. We are attempting to create a viable international currency based on new/revived economic principles. That takes a lot of time.
Most people seem to be waiting for the foundation to issue its first grants, which we've said will happen as soon as we get a grant proposal submission site up. (You can follow updates to that on our forums and #freicoin IRC channel, and we can use volunteers of all types to help get it going.) Because of that I actually think it could be a good thing that we've had this boom-bust mining cycle, due mostly to the stellar rise of bitcoin profitability and lack of a high-volume FRC exchange. Getting more of the initial distribution out before there is anyone using the currency would not help in the long term.
If you guys can get your foundation up and running properly again before mining on the coin heats up you can kind of have a "restart" and hopefully get a somewhat better reception this time verses that nasty "scamcoin" that was thrown around.
Best of luck to you guys.
March 14, 2013, 10:16:54 PM
What you are calling "zombie" might well just be "sleeper"... Basically allow some years for the initial distribution of coins to take place before worrying about them having value. Coins that aquire value too fast tend to not get distributed to a whole lot of people as it very fast becomes hard to get them. The coins that all the big miners think are dead are actually ones that normal folk can easily pick up instead of being crowded out by the already-rich but greedy big miners.
-MarkM-
-MarkM-
I don't come by here very often, so I missed all the hullabaloo. Mark's pretty much dead-on. We are attempting to create a viable international currency based on new/revived economic principles. That takes a lot of time.
Most people seem to be waiting for the foundation to issue its first grants, which we've said will happen as soon as we get a grant proposal submission site up. (You can follow updates to that on our forums and #freicoin IRC channel, and we can use volunteers of all types to help get it going.) Because of that I actually think it could be a good thing that we've had this boom-bust mining cycle, due mostly to the stellar rise of bitcoin profitability and lack of a high-volume FRC exchange. Getting more of the initial distribution out before there is anyone using the currency would not help in the long term.
February 23, 2013, 03:08:13 AM
I think there is a call for grant proposals right now... linked here http://www.freicoin.org/how-to-present-grant-proposals-t146.html and the foundation submitted it's paper work I do believe to get registered?
And that is a great news... if we can keep pace 12 days is worth the wait. 11,834,609.99488551 FRC mined... nice.
And that is a great news... if we can keep pace 12 days is worth the wait. 11,834,609.99488551 FRC mined... nice.
February 23, 2013, 12:53:08 AM
Good news for the freicoin network. Current rate is about 15 blocks/day, which puts the ETA for difficulty drop to 2500 to about 12 days.
What's the status of the foundation? Are there any campaigns planned yet?
What's the status of the foundation? Are there any campaigns planned yet?
February 21, 2013, 09:48:06 AM
hello. I want all the FRC. feed me.
February 21, 2013, 02:56:25 AM
Getting closer and closer to difficulty drop... can't be soon enough for me.
February 17, 2013, 07:10:54 AM
Wish I had a rig worthy of mining... I'd put some time on FRC. Then again with BTC at $27 can you really expect anyone to put anything into FRC at this time?
February 15, 2013, 08:10:19 AM
The difficulty can change at most by a factor of four. Which could make the next difficulty 2443. When it changes I will be mining FRC again.
we could use some help getting it down... maybe start mining it now?
February 15, 2013, 06:45:49 AM
16128 - 15883 (2013-02-13 08:21:33) = 245 left...
5 to 8 blocks a day...
so 30 to 40 days till next difficulty drop.
It would go back to 4096 or even less to 2048? Not clear on that and / or the mechanisms involved for the drop in difficulty.
Considering ASIC's are looming on the horizon there is potential for any alt-coin considering that the difficulty of Bitcoin itself will rise by a factor of 10 or more in the coming months some estimates have the difficulty for BTC to be as high as 70 million from 3 million currently by as early as June or July. What would you do with your out matched GPU if BTC also drops in value making BTC unprofitable? Don't think that FRC is a failure or dead considering the backing of the foundation will also provide FRC for grants soon. FRC has just as much potential regardless of the current drop in nethash vs difficulty.
6.536166213 Nett GH/s Difficulty:64 (Sun, 23 Dec 2012 17:19:22 GMT) @ Block 7920
6.536155284 Nett GH/s Difficulty:9772 (Fri, 08 Feb 2013 00:39:10 GMT) @ Block 15840
Maybe the sky is falling comments are a bit harsh considering were are still at 6.5 GH/s even with a difficulty of 9772? This adjustment seems reasonable and probably warranted and should allow the FRC to rebound at a more steady rate over the coming months rather than yoyo back and forth as it has. Maybe having less is not such a bad thing for the currency?
5 to 8 blocks a day...
so 30 to 40 days till next difficulty drop.
It would go back to 4096 or even less to 2048? Not clear on that and / or the mechanisms involved for the drop in difficulty.
Considering ASIC's are looming on the horizon there is potential for any alt-coin considering that the difficulty of Bitcoin itself will rise by a factor of 10 or more in the coming months some estimates have the difficulty for BTC to be as high as 70 million from 3 million currently by as early as June or July. What would you do with your out matched GPU if BTC also drops in value making BTC unprofitable? Don't think that FRC is a failure or dead considering the backing of the foundation will also provide FRC for grants soon. FRC has just as much potential regardless of the current drop in nethash vs difficulty.
6.536166213 Nett GH/s Difficulty:64 (Sun, 23 Dec 2012 17:19:22 GMT) @ Block 7920
6.536155284 Nett GH/s Difficulty:9772 (Fri, 08 Feb 2013 00:39:10 GMT) @ Block 15840
Maybe the sky is falling comments are a bit harsh considering were are still at 6.5 GH/s even with a difficulty of 9772? This adjustment seems reasonable and probably warranted and should allow the FRC to rebound at a more steady rate over the coming months rather than yoyo back and forth as it has. Maybe having less is not such a bad thing for the currency?
The difficulty can change at most by a factor of four. Which could make the next difficulty 2443. When it changes I will be mining FRC again.
February 13, 2013, 04:11:53 AM
16128 - 15883 (2013-02-13 08:21:33) = 245 left...
5 to 8 blocks a day...
so 30 to 40 days till next difficulty drop.
It would go back to 4096 or even less to 2048? Not clear on that and / or the mechanisms involved for the drop in difficulty.
Considering ASIC's are looming on the horizon there is potential for any alt-coin considering that the difficulty of Bitcoin itself will rise by a factor of 10 or more in the coming months some estimates have the difficulty for BTC to be as high as 70 million from 3 million currently by as early as June or July. What would you do with your out matched GPU if BTC also drops in value making BTC unprofitable? Don't think that FRC is a failure or dead considering the backing of the foundation will also provide FRC for grants soon. FRC has just as much potential regardless of the current drop in nethash vs difficulty.
6.536166213 Nett GH/s Difficulty:64 (Sun, 23 Dec 2012 17:19:22 GMT) @ Block 7920
6.536155284 Nett GH/s Difficulty:9772 (Fri, 08 Feb 2013 00:39:10 GMT) @ Block 15840
Maybe the sky is falling comments are a bit harsh considering were are still at 6.5 GH/s even with a difficulty of 9772? This adjustment seems reasonable and probably warranted and should allow the FRC to rebound at a more steady rate over the coming months rather than yoyo back and forth as it has. Maybe having less is not such a bad thing for the currency?
5 to 8 blocks a day...
so 30 to 40 days till next difficulty drop.
It would go back to 4096 or even less to 2048? Not clear on that and / or the mechanisms involved for the drop in difficulty.
Considering ASIC's are looming on the horizon there is potential for any alt-coin considering that the difficulty of Bitcoin itself will rise by a factor of 10 or more in the coming months some estimates have the difficulty for BTC to be as high as 70 million from 3 million currently by as early as June or July. What would you do with your out matched GPU if BTC also drops in value making BTC unprofitable? Don't think that FRC is a failure or dead considering the backing of the foundation will also provide FRC for grants soon. FRC has just as much potential regardless of the current drop in nethash vs difficulty.
6.536166213 Nett GH/s Difficulty:64 (Sun, 23 Dec 2012 17:19:22 GMT) @ Block 7920
6.536155284 Nett GH/s Difficulty:9772 (Fri, 08 Feb 2013 00:39:10 GMT) @ Block 15840
Maybe the sky is falling comments are a bit harsh considering were are still at 6.5 GH/s even with a difficulty of 9772? This adjustment seems reasonable and probably warranted and should allow the FRC to rebound at a more steady rate over the coming months rather than yoyo back and forth as it has. Maybe having less is not such a bad thing for the currency?
February 12, 2013, 09:58:13 PM
four months... well.. that means that its officially dead.
Coz in the mean time more and more miners will lose their interest (and their patience)
Plus, it was a fail coin from the beginning of its time (the reasons are all in this thread)
Coz in the mean time more and more miners will lose their interest (and their patience)
Plus, it was a fail coin from the beginning of its time (the reasons are all in this thread)
There are only two virtual currencies: Bitcoin and Failcoin.
February 12, 2013, 08:50:07 AM
What you are calling "zombie" might well just be "sleeper"... Basically allow some years for the initial distribution of coins to take place before worrying about them having value. Coins that aquire value too fast tend to not get distributed to a whole lot of people as it very fast becomes hard to get them. The coins that all the big miners think are dead are actually ones that normal folk can easily pick up instead of being crowded out by the already-rich but greedy big miners.
-MarkM-
-MarkM-
February 12, 2013, 08:44:01 AM
i"ve seen the data, just thought maybe someone calculated some estimates, not just wild gueses.
i think it's killed by it's own outdated difficulty retergeting system.
future is dead or zombie [megred]
i think it's killed by it's own outdated difficulty retergeting system.
future is dead or zombie [megred]
February 12, 2013, 08:18:34 AM
Maybe the fix is how namecoin did it: merged mining?
As it is people have to divert hashes away from the entire family of merged mining coins to mine this thing; add the merged mining patches to it and all those folk can just add it to their mix.
-MarkM-
As it is people have to divert hashes away from the entire family of merged mining coins to mine this thing; add the merged mining patches to it and all those folk can just add it to their mix.
-MarkM-
February 12, 2013, 08:15:55 AM
is there a new projection when the diff will drop?
It could take anywhere between two weeks to four months. Yesterday there were only three blocks found, which means it would take almost 130 days until the difficult drops.four months... well.. that means that its officially dead.
Coz in the mean time more and more miners will lose their interest (and their patience)
Plus, it was a fail coin from the beginning of its time (the reasons are all in this thread)
February 12, 2013, 07:49:47 AM
Oh wow, Freicoin didn't learn anything from Namecoin's famous experience that led all (except Freicoin it seems, any others?) altcoins to adapt their difficulty adjustment systems? Sheesh.
-MarkM-
-MarkM-
February 12, 2013, 07:25:33 AM
is there a new projection when the diff will drop?
It could take anywhere between two weeks to four months. Yesterday there were only three blocks found, which means it would take almost 130 days until the difficult drops. February 12, 2013, 07:19:33 AM
how is the not dying going on?
anyone knows:
- how many blocks to retarget?
- time to retarget aproximation ?
- next difficulty aproximation ?
anyone knows:
- how many blocks to retarget?
- time to retarget aproximation ?
- next difficulty aproximation ?
Read the thread... info is posted just above.
Jump to: